TON Strategy Co (TONX)

Name: TON Strategy Co (TONX) annual fundamentals
Creator: TickerFacts
License: https://creativecommons.org/publicdomain/zero/1.0/

Build a valuation ↗↓ Download CSV

CIK 0001566610 · Nasdaq · Finance Services

Sector Finance & Real Estate
Incorporated NV
Fiscal year ends around Dec 31

For the year ended 2025-12-31, TON Strategy Co reported revenue of $12.78M. Over the twelve months to 2026-06-30, revenue was $27.37M.

Key ratios (year ended 2025-12-31)

69.5%

Gross margin (computed)

-285.2%

Operating margin

n/m

Net margin

-36.5%

Return on year-end equity

n/m

Revenue growth (YoY)

Computed by TickerFacts from revenue minus cost of revenue. This may differ from the issuer's reported gross profit or margin; check the revenue and cost definitions.

Beyond the statements

Follow the company.

Explore new filings, reported insider transactions and company relationships.

Open company research ↗

Latest selected filing: Form 8-K (current report) · 2026-09-16

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period ended	TTM to 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31
Revenue	$27.37M	$12.78M	$895.0K	$63.0K	$8.0K	$10.52M	$9.96M	$9.10M	$32.0K	$6.0K	n/a
Cost of Revenue	n/a	$3.89M	$224.0K	$19.0K	$3.31M	$4.50M	$4.80M	$4.87M	$52.0K	$8.0K	n/a
Gross Profit (computed)	n/a	$8.88M	$671.0K	$44.0K	-$3.30M	$6.02M	$5.16M	$4.23M	-$20.0K	-$2.0K	n/a
R&D Expense	n/a	n/a	n/a	n/a	$5.19M	$12.35M	$7.93M	$4.31M	$980.0K	$375.0K	$257.8K
Operating Income	n/a	-$36.44M	-$11.64M	-$13.79M	-$18.87M	-$33.71M	-$24.74M	-$15.83M	-$7.79M	-$4.71M	-$3.13M
Depreciation & Amortization	n/a	$1.30M	$1.08M	$2.33M	$1.11M	$1.68M	$1.51M	$1.04M	$20.0K	$22.0K	$21.3K
EBITDA	n/a	-$35.14M	-$10.57M	-$11.46M	-$17.77M	-$32.03M	-$23.23M	-$14.79M	-$7.77M	-$4.68M	-$3.11M
Net Income	-$157.83M	-$148.48M	-$10.33M	-$21.99M	-$37.44M	-$34.49M	-$24.96M	-$15.92M	-$12.13M	-$7.27M	-$4.27M
EPS (Diluted)	n/a	-$5.96	-$19.36	-$441.48	-$6.68	n/a	n/a	n/a	n/a	n/a	n/a
Total Assets	$403.55M	$411.16M	$20.64M	$10.84M	$24.49M	$34.43M	$32.54M	$28.36M	$898.0K	$92.0K	$104.2K
Total Liabilities	$5.00M	$4.77M	$4.61M	$7.71M	$19.33M	$21.11M	$21.80M	$16.91M	$5.95M	$5.88M	$3.57M
Shareholders' Equity	$398.78M	$406.49M	$16.20M	$3.12M	$5.17M	$13.32M	$10.74M	$11.45M	-$5.05M	-$5.79M	-$3.47M
Cash & Equivalents	$28.80M	$39.49M	$7.62M	n/a	$2.43M	$937.0K	$1.81M	$983.0K	$634.0K	$11.0K	$16.8K
Operating Cash Flow	n/a	-$20.77M	-$8.77M	n/a	-$19.41M	-$25.86M	-$16.29M	-$8.12M	-$4.16M	-$1.68M	$1.60M
Capital Expenditures	$22.0K	$88.0K	$342.0K	$32.0K	$20.0K	$26.0K	$317.0K	$146.0K	n/a	n/a	$2.5K
Free Cash Flow	n/a	-$20.86M	-$9.11M	n/a	-$19.43M	-$25.89M	-$16.61M	-$8.26M	n/a	n/a	$1.60M
Share Repurchases	n/a	$20.58M	n/a	n/a	n/a	n/a	n/a	n/a	$20.0K	n/a	$166.2K
Shares Outstanding	56.53M	56.53M	993.1K	106.2K	2.92M	72.94M	47.80M	24.50M	12.06M	7.94M	94.66M
Weighted Average Diluted Shares	n/a	25.11M	592.5K	34.0K	2.43M	n/a	n/a	n/a	n/a	n/a	n/a
EPS (Basic)	n/a	-$5.96	-$19.36	-$441.48	-$6.68	-$0.55	n/a	n/a	n/a	n/a	n/a

Price chart

Chart and quotes by TradingView. Exchange coverage and delays vary.

Open chart on TradingView